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UTSA College of Business

David Silvera Onur Bayar, Ph.D.
Assistant Professor
Department of Finance
Onur.Bayar@utsa.edu

Ph.D. Boston College
M.S. Carnegie Mellon University
B.S. Bogazici University

About
Onur Bayar, assistant professor of finance, holds a Ph.D. in finance from Boston College, an M.S. in financial economics from Carnegie Mellon University, and a B.S. in industrial engineering. His research focuses on theoretical and empirical corporate finance with emphasis in IPOs, mergers & acquisitions, capital structure, entrepreneurial finance and venture capital and market microstructure. Dr. Bayar currently teaches Intermediate Corporate Finance (FIN 3023) and Entrepreneurial Business Finance (FIN 5853).

Research Interests
» Corporate finance, security issuance, capital structure
» IPOs, mergers and acquisitions
» Entrepreneurial finance and venture capital
» Market microstructure

Selected Publications
“IPOs Versus Acquisitions and the Valuation Premium Puzzle: A Theory of Exit Choice by Entrepreneurs and Venture Capitalists,” with Thomas J. Chemmanur, Journal of Financial and Quantitative Analysis, forthcoming in 2011.

 “A Theory of Equity Carve-Outs and Negative Stub Values under Heterogeneous Beliefs,” with Thomas J. Chemmanur and Mark Liu, Journal of Financial Economics, Vol. 100, 2011, pp. 616-638.

“Going Private and Leveraged Buyouts,” in The Art of Capital Restructuring: Creating Shareholder Value Through Mergers and Acquisitions. Hoboken, NJ: Wiley, 2011, p. 419.







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